MetaMask Institutional and Fireblocks have joined forces to provide institutional investors and blockchain developers with a secure access and Web 3 solution, combining wallet security with portfolio management and connectivity to thousands of decentralized applications.
Enable secure access to web3
MetaMask Institutional (MMI), a leading web3 wallet for institutions, and Fireblocks, a platform for secure access to DeFi and cryptocurrencies, have announced a partnership deal aimed at providing institutional investors and builders with an unparalleled suite of services.
By collaborating, the team will combine best-in-class wallet security offered by Fireblocks, with the enhanced functionality and Web 3 access provided by MetaMask Institutional.
The team says that more than 1,800 institutions currently using Fireblocks will have access to MMI’s broad suite of portfolio management solutions and seamless connectivity to more than 17,000 DeFi and web3 applications.
By linking their Fireblocks accounts to the MMI, users can engage in activities such as investing, trading, lending, borrowing, providing liquidity, and connecting assets across various Ethereum Virtual Machine (EVM) chains. The team claims that Fireblocks’ MPC wallet infrastructure security and policy engine for managing transactions and signatures also ensure the integrity of these operations.
MMI will also provide Fireblocks users with a range of features to improve their web3 wallet management experience. This includes digital asset monitoring, protocol customization details, and in-depth transaction reports, all easily accessible through a single dashboard.
Users can also take advantage of native token swaps and store Ethereum directly from the MMI extension or dashboard.
In addition, team management settings will be available with automated setup and portfolio views at the enterprise level. The integration will also enable users to evaluate the performance and profit/loss (P&L) attribution metrics of ERC-20 tokens and key identification protocols.
The collaboration between MetaMask Institutional and Fireblocks reflects the growing institutional interest and adoption of crypto assets. According to EY-Parthenon research The results, nearly 60% of institutional investors are actively exploring entry into the crypto space, recognizing the long-term benefits of digital assets.
With this growing interest, the need for secure and efficient digital asset management solutions becomes paramount. By combining the extensive access of the MMI ecosystem with the institutional security and key management of Fireblocks, institutional investors and builders can benefit from the best of both worlds.
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The integration with Fireblocks is a significant milestone for MetaMask Enterprise, which has expanded its pool of custodians and custodial technology providers to a total of twelve. This breadth of options allows crypto funds, web3 builders, and institutions seeking exposure to digital assets to choose the most appropriate custodial solution based on their specific requirements.
The team explained that collaborating with Fireblocks reinforces MetaMask Institutional’s commitment to connecting organizations to the web3 ecosystem by providing end-to-end access and meeting diverse institutional requirements.
Fostering corporate Web 3 adoption
As the cryptocurrency industry continues to evolve and mature, partnerships such as the one between Institutional MetaMask and Fireblocks are essential to facilitate institutional participation and drive adoption of decentralized technologies.
This integration not only provides institutional investors and builders with a seamless and secure way to access Defi and web3 solutions, but also enhances portfolio management capabilities, enabling better monitoring, reporting and analysis of digital assets.
The partnership between MetaMask Institutional and Fireblocks comes at a time when the crypto industry is rapidly evolving and institutional interest is growing.
As more organizations realize the potential and long-term benefits of digital assets, the demand for secure and efficient management solutions will continue to grow. By combining the widespread access of the MetaMask Institutional System with Fireblocks robust security infrastructure, institutional investors and web3 builders will benefit from a robust solution that meets their stringent requirements.